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Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, held by United Energy and Resources.
Under the agreement, Adavale will fund an initial exploration program to seek to upgrade the existing 15 million tonne inferred coal resource at the Tapan project to a Measured Coal Resource of 5 million tonnes.
The expected costs of this initial program will be an upfront payment of USD 110,000 and subject to a review of due diligence up to a further USD 650,000.
On completion of proving up a 5 million tonnes resource and Adavale being satisfied with the development to that date, Adavale will provide up to a further USD 3.4 million to develop and gain all necessary approvals to take the project through to the mining stage.
Mr Richard Poole chairman of Adavale Resources said that “Whilst recognizing the substantial opportunities for successful mining development in Indonesia, Adavale is aware of the potential risks and have been working hard to reduce these as much as possible. We are developing the projects in stages.”
The works program to seek to prove up a Measured Coal Resource will commence during the first week of November. The program will focus on proving up a Measured Coal Resource and will include mine planning in order to ensure an efficient and economically viable mining operation for the Tapan Project can be developed. First production at Tapan is being targeted for the second quarter of 2010.
The company is expected to development Jambi after Tapan. Preliminary drilling and trenching has identified an inferred coal resource in excess of 20 million tonnes at Jambi.
Adavale has acquired ‘United’s’ rights to a MOU over four coal concessions within the Jambi Province. Adavale’s initial target is within an Exploration Licence of 10,000 hectare located close to the provincial capital of Jambi.
Source: Steel Guru
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Planning Commission, India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
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